Avanza Fonder AB bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,446 shares of the company's stock, valued at approximately $1,608,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EL. Massachusetts Financial Services Co. MA boosted its position in shares of Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the period. Marshall Wace LLP lifted its stake in Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company's stock worth $211,000,000 after purchasing an additional 1,920,439 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company's stock worth $292,510,000 after buying an additional 1,310,900 shares during the period. Van ECK Associates Corp grew its stake in shares of Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company's stock valued at $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock valued at $368,788,000 after buying an additional 1,066,320 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.
Analyst Ratings Changes
EL has been the subject of several recent research reports. Citigroup lowered shares of Estée Lauder Companies from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Telsey Advisory Group reissued a "market perform" rating and issued a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 31st. CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They set a "market perform" rating and a $82.00 price objective on the stock. TD Cowen decreased their target price on Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada cut their price target on Estée Lauder Companies from $131.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $93.55.
View Our Latest Analysis on EL
Estée Lauder Companies Stock Performance
Shares of Estée Lauder Companies stock traded down $0.21 during trading hours on Friday, hitting $77.86. 2,948,283 shares of the company were exchanged, compared to its average volume of 2,646,628. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average of $73.76 and a 200-day moving average of $85.50. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 139.04, a P/E/G ratio of 5.02 and a beta of 1.02.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The business's revenue was down 4.5% compared to the same quarter last year. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.
Estée Lauder Companies Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies's dividend payout ratio (DPR) is 250.00%.
Insider Buying and Selling
In other news, Director Paul J. Fribourg bought 77,500 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the acquisition, the director now owns 234,500 shares of the company's stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.
Estée Lauder Companies Company Profile
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Free Report)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.
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